Macro Analysis /
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EM bond performance during the latest sell-off: Best and worst performers

  • Outlook for US monetary policy and China's property developers' debt crisis contribute to risk-off for EM bonds

  • Top performers among EM sovereign bonds are special situations, led by Lebanon, Venezuela and Belize

  • Worst performers have been Bahamas, Argentina, Ghana, Egypt, and Sri Lanka, with prices falling by up to 10pts

EM bond performance during the latest sell-off: Best and worst performers
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
11 October 2021
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